The Cyprus Investment Promotion Agency (CIPA)

Established with a Council of Ministers decision in 2007, the Cyprus Investment Promotion Agency is a registered not-for-profit company limited by guarantee and fully funded by the Government of Cyprus. The Board consists of 15 Directors.

Operating since January 2008, the Cyprus Investment Promotion Agency has a threefold mandate:

To promote Cyprus as an attractive international investment centre in key priority growth sectors

To advocate reform in Cyprus required to improve the regulatory and business environment and infrastructure

To provide investor support with after care and further development services

CIPA takes the lead in attracting foreign direct investment in conjunction and partnership with the private sector and related government organizations and agencies.

CIPA has established its membership with the World Association of Investment Promotion Agencies (WAIPA) and Med-Invest, the Mediterranean Countries’ Investment Promotion Agency Foundation. These memberships provide a platform of best practices sharing and learning in the area of FDI promotion and strategy implementation.

CIPA is actively involved in advocating key reforms to remove hurdles and strengthen the regulatory and business environment in Cyprus which is fundamental requirement to attract, retain and encourage foreign direct investment, as well as to improve the competitiveness of the Cyprus economy.